You can probably say with confidence that Donald Trump doesn’t sign transactions on Polygon or Ethereum personally.
Trump’s crypto project managers are still doing everything they can to make him live up to the title of First Onchain president.
I’ve spent the morning compiling onchain data for Trump-linked crypto projects — his NFT collections (trading cards) and upcoming DeFi platform World Liberty Financial.
Goal: Calculate Trump’s footprint in onchain value.
This was just a quick look, but data indicates that Trump earned almost $84million in cryptocurrency revenue over the past two years.
Trump’s NFT collection on Polygon has generated $7.7 Million in cryptocurrency (WETH and MATIC fka POL).
The revenue was generated by a combination of sales from the primary market and royalties from secondary markets. Trump NFTs first went on sale in December of 2022. That was two years almost exactly.
Credit card payments are accepted by the NFT project, which has also raised additional revenues offchain. The sales of credit cards have not yet been added to the figures above. However, the amount could reach millions.
It’s possible to buy unofficial Trump memcoins, which regularly send a payment tax back into Trump wallets.
Ultra-small cap coins that have names such as “DT Inu” You can also find out more about the following: “Take America Back” To date, donors have given about $240.500 to Trump.
Token contracts for the coins automatically transfer small sums USDC or Ethereum to Trump’s wallets each time they are transferred. This includes when they are traded on DEXs.
Trump’s blockchain footprint has seen a sudden surge of crypto income.
As for how much has been cashed out — whoever is handling Trump’s crypto has so far seemingly liquidated $3 million ETH on Coinbase.
Trump’s speech deposited 1,325.16 Ethereum to the exchange between November and December of 2023. This sum would have been $4.9 Million if it had been held up until now.
Then there is the World Liberty Financial Token Sale. The sale of World Liberty Financial tokens seemed to be stalling at $20 million until Justin Sun, founder of Tron, pumped in an additional $30 million.
As of this morning the WLFI offer has generated over $75m for the platform. 80% (61m) came in following Trump’s victory in November.
The wallet of World Liberty has accumulated DeFi tokens such as AAVE, LINK ENA, and ONDO over the last week, totaling $5.2 Million at current exchange rates.
World Liberty Financial may be holding the documents as they are preparing to implement those protocols, particularly in light of Ethena Labs’ newly announced strategic partnership and World Liberty’s October Aave temporary check.
All of this, as well as Trump’s purchase of a hamburger with bitcoin before the elections, shows that he is more familiar with crypto than the Commander-in Chief, or even a US politician.
The chart shows that World Liberty Financial purchased wBTC in an amount equal to the $11 million it sold for Coinbase’s Wrapped Bitcoin Token cbBTC.
Coinbase and wBTC custodian BiT Global were recently involved in a short legal dispute after BiT Global sued Coinbase over the removal of WBTC due to Justin Sun’s reported association. A federal judge decided on Wednesday that Coinbase can delist WBTC with no worries.
World Liberty Financial has a good reason to switch wrapped bitcoin tokens. What would be the First onchain President without all the crypto drama?
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